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Report: DOJ to Seek $10B in BNP Paribas Pact

The U.S. Justice Department asked BNP Paribas SA to pay more than $10 billion to resolve a criminal probe into allegations that the French bank evaded U.S. sanctions against Iran and other countries for years, the Wall Street Journal reported, citing people familiar with the matter.

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Sources told Reuters in May that BNP Paribas was in talks with U.S. authorities to pay more than $3 billion to resolve probes into whether the French bank violated sanctions on Iran, Sudan and other countries.

BNP Paribas was not immediately available for comment outside European business hours.

A final resolution of the investigation is likely weeks away, the Journal said, adding that it is possible the final settlement amount could be far less than $10 billion. (http://link.reuters.com/zab79v) (Reporting by Avik Das in Bangalore)